Molton Company had 300 units of product in work in process inventory at the beginning of the
Question:
Product Costs
Beginning balance............................ $ 28,200
Added during period......................... 150,000
Total........................................... $178,200
Required
Prepare a cost of production report showing the following:
a. The number of equivalent units of production.
b. The product cost per equivalent unit.
c. The total cost allocated between ending work in process inventory and finished goods inventory.
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
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